"Gabriella bought a house for $997,000 and paid $179,000 as a down payment. If the interest rate is 10.2% for 15 years, what is the total cost of the house?
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Accounting
"Gabriella bought a house for $997,000 and paid $179,000 as a down payment. If the interest rate is 10.2% for 15 years, what is the total cost of the house?
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- Ms. Tamper bought a house for $180,000. She put 20% down and obtained a mortgage loan for the balance at 4 1/4% for 30 years. a. Find the monthly payment. b. Find the total interest paid.A woman buys a house for a $260,000. She pays $20,000 down and takes out a mortgage at 5.1% for 15 years on the balance. Find her monthly payment and the total amount of interest she will pay.A couple has decided to purchase a $160000 house using a down payment of $11000. They can amortize the balance at 6% over 25 years. a) What is their monthly payment? Payment = $ b) What is the total interest paid? Total interest paid = $ c) What is the equity after 5 years? Equity after 5 years = $ d) What is the equity after 20 years? Equity after 20 years = $
- ken just bought a house. He made a $20,000 down payment and financed the balance with a 25 year home mortgage loan, with an annual interest rate of 5.4% compounded monthly. His monthly mortgage payment is $867. What was the selling price of the home?* Mary Joy Dela PAz purchased a house worth 188,686 with a down payment of 36,866 and monthly payments for 15 years. At 21% compounded monthly, (1) determine the monthly payment; (2) How much of the first payment goes for the interest and how much for the principal? (3) How much does she still owe just after making the 86th payment? (4) How much of the 116th payment goes for the interest and how much for the principal?Mrs. Maria Alading borrowed 20,000 pesos from her friend Ms. Petra Hausen to pay the tuition fee of her son. How much money will she pay Mrs. Hausen after a year, if an annual simple interest rate of 12 % is asked?
- Joe Levi bought a home in Arlington Texas for $150,000. He put down 20% and obtained a mortgage for 15 years at 5 1/2% interest. 1) What is Joe's monthly payment? 2) What is the TOTAL cost of interest for this loan? 3) If the interest rate increases to 6 1/2%, what is the difference in the TOTAL interest costs over the life of this loan?Ken just bought a house. He made a $20,000 down payment and financed the balance with a 25 year homew mortgage loan, with an annual interest rate of 5.4% compounded montrhly. His monthly mortgage payment is $867. What was the selling price of the home?The Dexter’s decided to purchase a new home. The purchase price of their new home was $345,990. The Dexter’s had a down payment of 20% due to the equity in their first home. They financed the rest at a fixed rate of 3.85% for 15 years. What is their monthly payment?
- A couple purchased a home 20 years ago for $200,000. The home was financed by paying 10% down andsigning a 30-year mortgage at 12% compounded monthly on the unpaid balance. The net market value of thehome is now $2,500,000, and the couple wishes to sell the house.(a) How much was the monthly loan payment?Sara purchased a three-bedroom, two-storey house for $209 000 with a 10% down payment. The mortgage is 7.25% per year, amortized over 20 years. Assume the interest rate remains constant. How much will Sara end up paying before the house is truly hers?Amy financed the purchase of her living room suite over two years. Her monthly payments are $231.02 and she is charged an interest rate of 19.6% compounded semiannually. What was the purchase price of Amy’s furniture? ____________ b. How much is the cost of financing? _____________